Question: please answer all questions step by step and inputting the answer in the charts . Consider the following decision matrix presenting net profit/loss estimates regarding

 please answer all questions step by step and inputting the answer please answer all questions step by step and inputting the answer in the charts .

Consider the following decision matrix presenting net profit/loss estimates regarding an investment project: 1. Considering that the probabilities applicable to demand are not known, show the decision recommendations from the points of view of perfect optimism; perfect pessimism; optimism at a =.6; conservatism (equal likelihood); and minimization regrets. Do you see a pattern? if so, which equipment would you choose? Explain. 2. Consider now that the probabilities for demand being low, medium and high have been calculated as .2,35, and .45, respectively. By using a decision tree, find the expected value, the standard deviation, and the coefficient of variation foe each size of equipment. Which size of equipment would you recommend on the basis of the three coefficients of variation that you calculated? 3. Referring to the Z-Table, calculate the probability that each alternative (each different equipment) will turn out at least a s1oo profit? what is the likelihood that each alternative will produce a profit BETWEEN $200 and $300 ? Solve ALL DMUU, DMUR and ND :: Be sure to show work, indicate the recommended alternative each time, provide a summary table (see below), and support your final statement with a reason. Overall DMUU: (Give Reasons!) Consider the following decision matrix presenting net profit/loss estimates regarding an investment project: 1. Considering that the probabilities applicable to demand are not known, show the decision recommendations from the points of view of perfect optimism; perfect pessimism; optimism at a =.6; conservatism (equal likelihood); and minimization regrets. Do you see a pattern? if so, which equipment would you choose? Explain. 2. Consider now that the probabilities for demand being low, medium and high have been calculated as .2,35, and .45, respectively. By using a decision tree, find the expected value, the standard deviation, and the coefficient of variation foe each size of equipment. Which size of equipment would you recommend on the basis of the three coefficients of variation that you calculated? 3. Referring to the Z-Table, calculate the probability that each alternative (each different equipment) will turn out at least a s1oo profit? what is the likelihood that each alternative will produce a profit BETWEEN $200 and $300 ? Solve ALL DMUU, DMUR and ND :: Be sure to show work, indicate the recommended alternative each time, provide a summary table (see below), and support your final statement with a reason. Overall DMUU: (Give Reasons!)

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